China Starts Recruitment for Fund
China's $200 billion sovereign wealth fund has launched a global recruitment drive, aiming to attract staff to manage its purchases of stocks and bonds on global financial markets.
China Investment Corp. opened a Web site in both English and Chinese to recruit for jobs ranging from risk analysts to portfolio managers and public-relations officers, all to be based in Beijing. For the fund-manager jobs, it is looking for applicants with overseas education and experience.
'The company is now recruiting senior professionals globally,' CIC said. 'Candidates who are familiar with international financial investment are particularly welcome.'
Indicating its wide-ranging appetite for financial products, CIC listed openings for portfolio managers to invest in North American, European, and Japanese equities and fixed-income products including derivatives.
The sovereign wealth fund's managers are planning to allocate one-third of its $200 billion to investments in global financial markets. The search to hire talent abroad is driven by China's shortage of local professionals with experience investing abroad.
Since the initial announcement of a plan in August to allow Chinese individuals to invest abroad without limits, regulators have delayed implementing it and stressed that greater efforts need to be made to improve domestic investors' understanding of global capital markets before implementing the program.
The remainder of CIC's initial $200 billion of funding is being used to buy domestic financial-sector assets.
'The main businesses CIC engages in include equity investments in major domestic financial institutions and overseas investments in traditional capital-market products and alternative assets,' the fund said on the Web site.
The fund has made only two known overseas investments to date. In May, its planners struck a deal to buy a 9.3% stake in Blackstone Group LP for $3 billion as part of Blackstone's initial public offering. In recent days, CIC subscribed to about $100 million of shares in state-owned construction company China Railway Group Ltd.'s IPO in Hong Kong.
China formally established CIC in late September and is still setting up its internal structure. It said all applications for the positions should be submitted by Dec. 6.
拥有2,000亿美元注册资本的中国投资有限责任公司(China Investment Corp.)已开始在全球范围内广招贤才，为其在全球金融市场中的股票及债券投资寻找合适的管理者。
这家中国主权财富基金已开通了中英文双语招聘网站，招聘职位从风险分析师，到投资组合经理，再到公关人员等等不一而足，所有职位的工作地点都设在北京。对于基金经理一职，中国投资公司要求应聘者应具有海外教育背景及工作经验。
中国投资公司表示，该公司正面向全球招聘高级专业人才，欢迎熟悉全球金融投资的人士前来应聘。
本次招聘岗位包括北美、欧洲及日本股市的投资组合经理，以及包括衍生品在内的固定收益产品投资组合经理──由此可见中国投资公司在所投资的金融产品方面可谓覆盖广泛。
中国投资公司计划将旗下2,000亿美元资产中的三分之一投向海外市场。由于缺乏具有全球投资经验的本土人才，中国将求贤的目光转向了海外。
中国政府早在8月份就表示计划取消中国散户投资者向海外投资的限制，不过此后监管机构却推迟了该举措的执行，并强调在实施该计划前还需付出更多努力来加深本土投资者对全球资本市场的理解。
中国投资公司将用剩余的启动资金收购国内金融领域资产。
中国投资公司在网站中表示，“公司主要从事中国境内国有重点金融机构股权投资和境外财务投资（包括传统的资本市场产品和另类资产）。”
迄今为止，中国投资公司仅披露了两桩海外投资。其一是百仕通集团(Blackstone Group L.P.)进行首次公开募股时该公司筹备班子斥资30亿美元收购百仕通9.3%的股权；另一桩则是近期中国中铁股份有限公司(China Railway Group)在香港发行H股时该公司认购了这家国有建筑企业价值约1亿美元的股票。
中国投资公司于9月底正式挂牌成立，目前该公司的内部组织仍在架构之中。公司表示，应聘者应于北京时间2007年12月6日前完成在线申请。